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Estimated <br />Share of <br />Net Debt Overlapping <br />Governmental Unit Outstanding Debt <br />Debt repaid with property taxes <br />Ramsey County 124,895,434$ 2.45 %3,061,652$ <br />County library 22,712,406 4.87 1,105,961 <br />Independent School District No. 621 204,505,060 13.24 27,070,263 <br />Independent School District No. 623 170,735,015 0.78 1,324,026 <br />Intermediate School District No. 916 75,365,000 4.94 3,725,338 <br />Metropolitan Council 1,479,171,214 0.36 5,257,241 <br />Rice Creek Watershed 255,531 11.58 29,598 <br />Total overlapping debt 41,574,079 <br />City of Arden Hills – 100.00 – <br />Total direct and overlapping debt 41,574,079$ <br />(1) <br />Note: <br />Source: <br />The percentage of overlapping debt applicable is estimated using taxable assessed property values.Applicable <br />percentages were estimated by determining the portion of the county’s taxable assessed value that is within the <br />City’s boundaries and dividing it by the county’s total taxable assessed value. <br />Overlapping governments are those that coincide,at least in part,with the geographic boundaries of the City. <br />This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the <br />residents and businesses of the City.This process recognizes that,when considering the City’s ability to issue <br />and repay long-term debt,the entire debt burden borne by the residents and businesses should be taken into <br />account.However,this does not imply that every taxpayer is a resident and,therefore,responsible for repaying <br />the debt of each overlapping government. <br />Assessed value data used to estimate applicable percentages provided by the Ramsey County Assessor.Debt <br />outstanding data provided by the county. <br />CITY OF ARDEN HILLS <br />Direct and Overlapping Governmental Activities Debt <br />as of December 31, 2020 <br />Estimated <br />Percentage <br />Applicable (1) <br />-86-